This POA is drafted for a company (the security provider) to appoint an attorney (the lender) for the purpose of enforcing the security.
For the purpose of securing the due and punctual performance of the Secured Obligations, the Company irrevocably and by way of security appoints the Attorney as its true and lawful attorney with, s full power (in its name or otherwise) to perform the Secured Obligations and, in particular but without prejudice to the generality of the preceding words, for the purpose of [action].
The Attorney may from time to time on such terms as it thinks fit, appoint and remove a substitute (who shall not have the power of substitution) and delegate to an agent the exercise of any power conferred by this Deed and may act concurrently with such substitute or agent.
This document should be carefully read by the attorney and the client.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
Create Document: Click “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.
Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.
When you are done, click the “Get Document” button and you can download the document in Word or PDF format.
Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.